Reflections on H1 2020 FinTech activity
Jay Wilson, AlbionVC Investment Manager talks to Innovate Finance about fintech activity in the first half of 2020.
It will come as no surprise given the dramatic economic slowdown that UK FinTech Venture Capital investment has taken a hit in recent months. The number of deals and total capital raised in the first half of the year were clearly down compared to the same period in 2019.
Jay Wilson considered the macroeconomic landscape: “We are still to fully understand the economic impact of COVID-19, but short of a long and deep recession which governments are trying everything to avoid, funding will likely continue to flow.”
“Anecdotally it very much feels we are back to firing on all cylinders,” added Jay Wilson, “deal activity is happening at all stages of the funnel.”
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